European & US sessions forecast levels: 1.2850/1.3115
Trend Sessions: European: Upward
Market Focus: 8:30 AM Initial Claims, 10:00 AM Existing Home Sales, 2:45 AM France INSEE Business Confidence.
Daily Strategy: The dollar again not succeeds to hold the recent gains against the euro. The key level of 1.2895 stopped the dollar. The traders turn to the euro again. The dollar may fall to the levels of 1.32/1.3250. The trading strategy is buy euro today. The chances for dollar recovery down to 1.29 are minimal. We can see levels of 1.32 first. The key US fundamental reports today may temporary stop the dollar loses. The Initial Claims report today may show new rise and bad signals for the US economy. It is expecting the unemployment to rise, as the bottom is still not reached.